Helping people understand where value moves next. Researching systems. Connecting ideas. Thinking longterm.
Joined July 2022
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Stack up on food. Got it.
I genuinely don't know how much longer they can keep this quiet.
Someone I know in a VERY senior position in the Federal Reserve has just told me something extremely concerning.
Apparently today's market collapse has triggered a liquidity crisis at one of the largest financial institutions in the country.
The issue is AI infrastructure debt, not their equity exposure.
Billions in loans are secured against projected data centre revenues that simply don't exist.
And apparently they've been using the projected revenues from those SAME data centres to justify further borrowing.
He described it as "a circular financing structure." WTAF does that mean???
The bank has reportedly approached the Fed for emergency liquidity. Officials have apparently been instructed to avoid using the words "insolvency", "contagion" or "AI bubble" in any written comms.
The Treasury is involved. So are at least four other banks, and a bunch of top hedge funds.
My contact says they've been quietly preparing emergency measures for a market event that could make 2008 look insignificant.
I asked how much money would be required to stabilise the system, and he said they don't know yet.
He thinks the total stimulus required to prevent the majority of Americans losing their homes, is greater than the current national debt of the United States.
WAKE UP. JUDGEMENT DAY IS HERE.
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Begging someone or a company to give you something you can go out and get yourself is a wild behavior to me.
It’s very lack mindset.
Please take action to what you want.
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I went to access my money at a shared credit union branch and was asked to verify my passport through a digital process involving biometrics.
It got me thinking about the relationship between identity and access. 1/5
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The discussion of actual “pallets” of gold leaving the United States..
Countries are “taking” their gold back to do what with it?
I have a thought it is to back not their fiat currency but their digital currency in an effort (attempt) to destabilize the U.S. dollar.
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Crypto “the greatest revolution in financial technological history” - Trump
What are revolutions for $1000?
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What if Zelle was no longer moving dollars through the banking system, but moving digital dollars across blockchain rails?
That was the question that started this for me.
Zelle works because financial institutions participate in a shared payment network. 1/4
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I've been telling folks it is a renting market! Try again in the spring, especially if you haven't received any hits in the first 7 days. Your marketing is no bueno.
BREAKING: US homebuyer demand has fallen to a record low, with just 967,000 buyers competing against 1.46 million sellers, a 51% surplus of sellers.
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I started with Bitcoin.
Then two conversations took me somewhere else: Mike Saylor and Jeff Booth.
They both believe in Bitcoin, but they seem to be thinking about two very different futures for it.
One leans toward institutional adoption. 1/3
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Orders = new jobs coming in
Backlog/RPO = jobs already contracted but not yet completed
Revenue = jobs being completed
Cash flow = money actually coming in
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I went to OfficeMax this morning to ask how much it would cost to print a 20x30 image.
The woman behind the counter said she didn't know.
Not because she was new.
Not because pricing wasn't available. 1/7
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I kept hearing the same phrase:
"I'm moving because I can get more space for my money."
That got me thinking...
A cheaper house doesn't automatically create a better life.
It might just mean you own a cheaper house. 1/4
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Everyone says “America is trying to take over the world.”
But I started thinking…
Is that really an America thing?
Or is that what powerful systems do?
A few thoughts on oil, AI, technology, and the competition for influence 1/6
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Most people hear the word "value" and immediately think about money.
That makes sense.
Money is one of the clearest ways we measure value.
But it isn't the only one. 1/8
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AI companies are quietly obtaining rare books, ingesting their contents, and then destroying them, even if they're exceedingly rare, per FORTUNE
Readers added context they thought people might want to know
The article cited is from Futurism, not Fortune. futurism.com/artificial-int…
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